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20121129
20121207
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KTVU (FOX) 23
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English 23
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FOX
Dec 5, 2012 4:00am PST
can count on. ♪ could push the u.s. economy behind the times. plus, a preview of what stocks investors are looking to own after ringing in the new year. the sudden flow of one hundred dollar bills is indicating a rise in fishy activity. and, bring on the breakout. are the markets poised for a swing to the upside? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, december 5th. i'm angela miles. in today's first look: standstill. that's what's happening with the budget talks in washington, and it's reflected on wall street. stocks barely budged yesterday. gold, however, was a major mover. what that tells traders is coming up in the show. pandora hit a sour note with investors last night. shares plunged after the company revealed a loss of advertising money as lawmakers fail to find harmony over averting the fiscal cliff. the brand new dreamliner is under review after making an emergency landing in new orleans due to a mechanical glitch. larry shover of sfg alternatives joins us now on this wedn
FOX
Dec 4, 2012 4:00am PST
automakers and other sectors - say the economy is strong enough - barely - to withstand either party's direction. "the vast majority think the fiscal cliff's impact will not be enough to drive us to recessionary measures." the chicago fed forecasts the economy will grow at 2.3% next year; unemployment will drop to 7.6%; new housing starts, often a key indicator, will increase to 950,000 new units; and vehicle sales will get a boost - all good news for the midwest. "with 13% of the population, we produce 30% of the vehicles. forecast is for 3.5% growth, which is 15 million units." also, the fed's economic forecasters say by the end of 2013, the price of west texas crude oil will rise about $4 higher than it is now. so overall, a gradual improvement - not fast enough or robust enough to greatly affect the jobs picture, but nothing on the horizon to reverse it, either. in the corporate race against china, the u.s. is gaining ground at a quicker clip. apple and exxon are among the american heavyweights moving up on the global 500 list of largest corporations. american companies now compr
FOX
Dec 2, 2012 4:00pm PST
referred to things that will help make the economy stronger in the short-term and let me explain why we proposed that. what we are suggesting is that we work to rebuild the country's infrastructure, rather than putting it off, doesn't say just to put it off and extend unemployment insurance benefits and help make it easier for americans to refinance mortgages and, tax incentives for business investment and proposed how to do that in a fiscally responsible way we can afford to pay for and matched those proposals, with spending savings that, together as part of the plan, get us down to the point where we stabilize our debt and that is the critical test. >> chris: let me drill down into the spending part of the equation, here they're increases, spending increase as you are proposing. $150 billion, in stimulus, public works projects over several years. a $30 billion extension of unemployment insurance, for one year. extension of payroll tax cuts, mortgage relief, deferral, of automatic cuts for doctors and medicare. here are the spending cuts. unspecified savings from nonentitlement program
FOX
Nov 30, 2012 4:00am PST
geithner. investors have a more optimistic view on the global economy. a new survey by bloomberg shows 2/3 of investors surveyed described the worldwide economy has either stable or improving. overall, they considered the global economy to be in the best shape in 18 months. when asked which countries will offer the best investing opportunities for next year, the u.s. ranked number 1 for the 8th quarter in a row. china came in second, and europe was considered the worst for returns. for those holding out hope for a second life for twinkies, ho- hos and ding-dongs, there's encouraging news. hostess says it is in talks with more than 100 interested buyers. at the same time, hostess is seeking approval in banruptcy court to pay its top executives $1.8 billion in bonuses to retain them during the year-long wind- down process. union reps are asking the judge to bring in an independent group to oversee that process. citigroup is doing some trimming this holiday season. according to reports, the big bank plans to cut 150 jobs and shrink bonuses by up to 10%. the layoffs will affect people workin
FOX
Nov 29, 2012 4:00am PST
keeping the economy growing - a lot of input being gathered on how to resolve the inevitable. president obama met with his cabinet wednesday for the first time since his re-election. but otherwise, his schedule has been filled with business leaders and resolving the fiscal crisis sooner rather than later. "families need confidence to go out and spend going into christmas." tuesday, leaders from small business gave their views. "i said the more people have money in their pocket, the more they'll spend and we'll do better." "i suggested raising the minimum wage, tying it to an inflation index, and national leadership in online retail taxes." and there's a concerted public effort: the white house website features an appeal to "speak out to keep taxes from going up on the middle class." "if congress does nothing, taxes up $2200." that $2200 morphed into a white house twitter campaign - #my2k - to encourage americans to weigh in on the debate. but ultimately, this still comes down to negotiations within, but mostly across, party lines. it's not clear how much twitter or input from small busi
FOX
Dec 3, 2012 4:00am PST
to think about if this economy would ever get any legs, any momentum. you have to think about the inflation picture. the fed has got so much emphasis on this market. it's an open ended quantitative easing market at this point. any type of momentum, any type of inflation, people are going to be concerned about that and that's why you're seeing this major interest in gold. will warmer this week bring a chill to nat gas? i think definitely it will. you saw last week futures prices sink back to 350 or so on a bigger build in inventories when we were expecting a draw. we look at the extended range forecast and we do see warmer temps across the east coast and the midwest. it's going to take a cold winter to draw off these inventories and to bring prices back up to higher levels and we're just not seeing that at this point. thanks kevin, have a good week. thank you. mexico's new president was inaugurated over the weekend. 46-year-old enrique pena nieto says he wants to change mexico's relationship with the u-s toward trade and manufacturing and away from violent drug cartels. our cover story takes
FOX
Dec 3, 2012 5:00pm PST
,000. >>> stocks edged lower on fears the threat from the fiscal cliff might put a damper on the economy. the dow is down 59 to 12,965. the nasdaq is down 8 at 3,002. the s&p is down 6 at 1,409. coming up at 5:45 p.m., car sales reach a level they haven't seen in years. plus the potential impact the fiscal cliff could have. >>> mitt romney is back at his old job. he is rejoining the board at mareiate international -- marriott international. they have a long standing friend ship. >>> coming up, we have shown you this sink hole developing, what they are doing get things back to order in this neighborhood. >> a nice break today. the rainfall ending, giving us a break but there are more showers headed our way. i will have the timing on the showers in 10 minutes. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just press this button. brew the coffee you love -- stronger, bigger, or hotter -- with the keurig vue. u-verse high speed internet. you know, in
FOX
Nov 29, 2012 5:00pm PST
immigrant women. it is a reflection of the economy and they think it may rise once the economy recovers. >>> americans may soon have more privacy. tonight they approved the communication privacy act. it require as police to get a warrant before reading posts. right now it is only needed for e-mails. some groups are concerned the change could hamper investigations. >> police officers don't like to be slowed down in their pursuit of offenders. >> committee chair said the law will better protect privacy in the digit age. >>> we are on storm watch tonight and coming up in 2 minutes the rush to repair as a new wave of rain makes its way into the bay area right now. we are tracking it. >> a flash flood watch takes effect in one hour for the bay area, the dangerous conditions we could see. >>> complete bay area news coverage starts right now, this is ktvu channel 2 news at 6:00 p.m. >>> more rain is arriving in the bay area right now. this is crews rushing to clean up and shore up for the second wave in a series of significant storms. >>> hello. i am frank somerville. >> and i am julie haener.
FOX
Dec 6, 2012 6:00am PST
soon because of our declining economy. >>> head coach dennis allan will be back with the team. allan came back to the bay area from texas and spent final moments with his father. grady allan died tuesday at the age of 66. >>> and 49ers take another step closer to finishing their stadium. coming up, the signing ceremony will mark a very special occasion. >>> and right now checking on traffic, there is definitely some fog out there. tara sees it on the san mateo bridge. >>> we saw some of it in that area and it is in patches and doesn't seem to be too bad. that is so we just want to make sure folks are aware of it and we will head out to the toll plaza. that is the most congested spot. we see a fire truck and we have a wait here which extends almost to the mcarthur maze, so give yourself an extra 15 minutes to get to san francisco. you can see traffic is moving nicely in both directions here and then in the south bay, this is 237 milpitas, folks are headed westbound towards sunny veil and it's a little bit of a delay, here is steve. >>> well, at least the rain is done, there is midst a
FOX
Nov 30, 2012 12:00pm PST
his plan would cripple the economy. >>> the storm may be to blame for a couple of big rig truck crashes this morning. one happened around 2:00 a.m. on westbound 580 at 680. it hit a puddle jackknifed and crashed there. fuel spilled, which kept the lanes closed for four hours. the driver was not hurt. >>> another big rig crash on 580 there livermore at the north flynn road off-ramp. the driver told ktvu he began slipping and sliding and crashed. 1 trailer filled with gravel flipped over blocking lanes, no one was hurt and that crash has been cleared. >>> for more on what traffic is like let's go to tara moriarty in the traffic center, still slow spots. >> that's right a traffic advisory has been issued for that, take there instead. >>> a live look there, not too many folks out there, very wet conditions, a lot of cars hitting the puddles there. we want to mention the silver avenue on-ramp to southbound san francisco completely flooded and shut down, southbound near there flooded as well. in mountain view an accident there, one lane blocked and in the east bay flooding on 680 sou
FOX
Dec 6, 2012 4:30am PST
will not go back up any time soon because of our declining economy. >>> the dutches was released from a london hospital. this is new video of her lifing with prince william. the palace reports she is pregnant with their first child and is less than 12 weeks pregnant. the hospital is apologizing after getting tricked into diverging -- divulging her condition. they called the hospital pretending to be the queen and prince charles. the dutches nurse divulged her condition and sleeping pattern. >>> ahmed wali karzai has made harsh criticisms about the united states and that story is coming up this morning. >>> and john macphee could be released after entering you' all mall illegal -- guatemala illegally. he said he left belize to escape police persecution. >>> a man pushing another man to his death has been arraigned. he was taken to custody on tuesday. they caught the confrontation on tape monday. davis reportedly told the police, the victim would not leave me alone so i pushed him. >>> narcotics will face a minimum of 10 years in prison when he is sentenced. he was accused of stealing and took p
FOX
Dec 6, 2012 12:00pm PST
of apple makes a major announcement about its mac computers that could be a big boost to the u.s. economy. , introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as little as $14.95 a month for 12 months with a one-year price guarantee. it's the fastest internet for the price. our newly expanded advanced digital network gives you more of what you enjoy online. and with at&t, our wireless gateway turns your home into a private wi-fi hot spot that connects your wi-fi devices and can even save on your smart phone data usage at home. so call now to get at&t u-verse high speed internet for just $14.95 a month for 12 months with a one-year price guarantee. that includes access on-the-go to our entire national wi-fi hot spot network, with over 30,000 hot spots. at&t u-verse high speed internet. now on our newly expanded advanced digital network, a connection your whole house can count on. ♪ your season is here. let's just call it the baking time of year. you need special ingredients
FOX
Dec 3, 2012 10:00pm PST
as another indication of an improving economy. some bay area dealerships may be out ahead of the trend. >>> u.s. car sales were up in november. >> confident. >> reporter: he says it's one of several indicaters the economy is recovering. >> the unemployment rate is declining slowly. gdp continues to grow. it looks like the housing market nationally may have bottomed out. it's a recovery, albeit perhaps a fractioned recovery. >> reporter: chrysler led detroit based automakers, up 14%. >>> the silicon valley auto dealers association represents about 60 santa clara county dealerships. the group won't have november numbers for another couple of weeks, but says so far this year, it's beating the national trend. >> certainly, we're seeing increased sales. again, some 25% year to date this year. >> reporter: this family owned buick dealership sold six cars over the weekend, including an acadia suv. they call that a good weekend, especially considering the rain. >> the whole question of what's going to happen in washington with these negotiations about taxes and entitlements is a big question mark. if
FOX
Dec 2, 2012 10:00pm PST
. shippers are saying it is costing the u.s. economy as much as $1 billion a day. >>> in our continuing cover repblg of the if fiscal cliff, treasure secretary bluntly re-- continuing coverage of the fiscal cliff. treasure secretary bluntly reject today. >> they cost $1 trillion over 10 years and no possibility that we are twoing to find going to get it without it going back up. >> seven weeks between election day and the end of the year. and three of those weeks have been wasted. >> the house speaker want on to say he was flabbergasted by the plan. they say tell take another week for serious negotiations to begin. >>the supreme court may announce tomorrow if it will review california's prop 8 case over same sex marriage. the justices met behind chosed doors on friday but took no action on prop 8 or other casees. if the court declines to review prop 8 it will be immediately legal for same sex couples to marry in california f. it takes it up for review a final decision can change it up in every state. >> lawmakers in sacramento begin a new section with promises not to raise taxes. democrats wo
FOX
Dec 6, 2012 5:00am PST
technical concerns, the global economy and today's court hearing in the battle against samsung for yesterday's drop. >>> a gay blocker will be there because of a controversial photo, we will have more on what a judge has ordered. >>> a new perfect fume that could make you hungry, we will have more on the fast food chain that is launching the product, stay tuned. ñsxóxgñ . >>> welcome back to the ktvu channel 2 morning news, a new jersey congressman is calling for tighter regulations after that derailment and chemical spill. they say they cannot regulate themselves and they say the crash released vinyl chloride into the air and forced many people from their homes. >>> they will continue to collect and sort items. now the city said ash bury is going to shut down and workers say they have now been told to comply. he took a photo as he pleaded not guilty to disorderly conduct and skott weaner was found inside a bathroom last october. he criticizes him and that photo did not overstep any boundaries. >> we will be fighting this case and i think that despite the case, we are talking fundamentall
FOX
Nov 29, 2012 10:00pm PST
report set the stock markets higher. the dow gained 36, nasdaq gained 20. the economy is growing at a healthier rate than expected and unemployment applications fell. shares of san francisco based zynga took a hit after it and facebook changed their relationship. the company will no longer have to use facebook ads. and facebook will not be the exclusive site for zynga. shares were selling for $2.30 after being up before that news broke. >>> a bankruptcy court gave hostess approval to wind down operations. it's estimated more than 100 panes want to make twinkies, double dogs and ding dongs. >>> a woman found screaming in a interception was high on bath salts. the department is cracking down on the sale of synthetic can c -- canabanoid known as spice. bath salts have been linked to suicide and bizarre behavior. >>> san jose police say six men and one woman accused of fighting with officers at a house party last weekend are being charged with felonies and gang enhancements. officers arrested 42 people last friday night at this house on pat avenue. police say people threw things at
FOX
Dec 3, 2012 5:00am PST
and across the board spending cuts will take effect. that could plunge the u.s. economy into another recession. >>> people on both sides of the controversial same sex marriage issue will be closely watching the u.s. supreme court this morning. just an hour and a half from right now the high court is due to release another list of cases. coming up at 5:15 what it will mean if california's proposition 8 is on that list and what it means if it's not. >>> muni and other agencies are thinking about a controversial plan when it comes to their fair rates. muni is considering basing how much people pay on how much money they earn. according to the examiner some people don't think it's fair that people who are struggling to pay their bills have to pay $64 for a monthly pass while senior citizens who have more money are only paying $22 for the same fair. now this newest plan was triggered by the debate over providing free muni passes to low income youth. >>> 5:04 is the time. we are still talking about that accident in livermore. let's go to tara. >> this is on 580 eastbound. it happened at fl
FOX
Dec 4, 2012 5:00pm PST
an agreement. the mayor says the strike is costing the local economy billions of dollars. >>> in egypt today huge crowds gathered outside the presidential pal toys protest what they say is the government's abuse of power. more than 100,000 egyptians took part in the protest breaking through bashed wire around the palace. a nationwide referendum on the controversial draft constitution is set for december 15. egyptian media will shut down tomorrow to join the protest. >>> nato members agreed today to deploy a patriot anti- missile system in turkey to protect the country against any crossfire from syria. this comes as syrian rebels released a video reportedly showing air attacks by government fighters and heavy damage to buildings in damascus suburbs. the obama administration is hoping that russia will goin the international community in forming a coalition against syria's president. >> we want to work with russia as we've said many times on the bases of the gene eva action group's c miewn kay. >> nato's secretary-general also echoed warnings by president obama against the use of chemical weapo
FOX
Dec 5, 2012 10:00pm PST
is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year. >>> meantime, citigroup announced plans to cut 11,000 jobs, or 4% of its workforce. the company says the cuts will save more than $1 billion a year. the bulk o
FOX
Nov 30, 2012 6:00am PST
president obama to intervene. a ten-day lockout at west coast ports back in 2002 cost the nations economy about $1 billion a day. union say their jobs are being outsourced to other countries. some cargo ships will divert to other ports including oakland. >>> same sex couples in california are eagerly awaiting news from the united states supreme court that could come as early as today. ktvu alison burns is in our washington, d.c. newsroom with what the justices will be deciding. >> reporter: the justices will meet behind closed doors to decide whether they will take up several challenges to gay marriage laws. including california ease ban on same sex marriage proposition 8. supporters are hoping the court will let a lower court decision stand that ruled prop 8 unconstitutional. san francisco city attorney tells us if that happens couples could marry almost immediately. >> atake a great deal of pride on behalf of -- i take a great deal of pride on behalf of this office. we look forward to a court ruling that would make whatever happens that would expedite the process of instituting marriage
FOX
Nov 29, 2012 7:00am PST
that the united states economy grew 2.7%. business stock piles were bigger. so were the export sales which helped off set weak consumer spending. they are warning growth will slow again in the current quarter, that's because of the problems of sandy and the worries about 9 possibility of a big tax hike in january. >>> the epa is temporarily banning bp from getting any new contracts with the united states government. the epa said it's because of pb's lack of business integrity stemming the explosion and oil spill back in april of 2010. you remember 11 people were killed in that. almost 200 million-gallons of oil spilled into the gulf of mexico. two weeks ago bp agreed to plead guilty to criminal charges. also pay $4 billion in fines. >>> there is a new share older lawsuit over hp's purchase of a british software company. it's claiming that they all missed several red flags about the thing practices. hp shares fell to a ten year low last week after the company announced an almost 9 billion- dollar write down on its acquisition. >> vallejo police are investigating two more suspicious fires, that ma
FOX
Dec 5, 2012 7:00am PST
the fiscal cliff and get the economy back on track. but he says it's going to take some sacrifice. here's a look at the president shaking hands with business leaders about 15 minutes ago and he's calli for tax increases on the wealthiest americans and an extension of tax rates for the middle school. talks have fallen apart in recent days. but the president insists he's working with republicans to try to get a deal. republicans are willing to cut -- >> reporter: republicans are willing to cut loopholes. here's what john boehner said. >> the revenues being put on the table are gonna come from guess who? the rich. >> reporter: republicans say it's clear to them that president obama is not serious about negotiating. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 8:17. we asked some people in the bay area whether they think the president and congress will reach an agreement on the fiscal cliff by the end of the year. >> they both have this position that they are not willing to back down from. i don't think they will reach it. >> i'm hoping and praying that they
FOX
Dec 6, 2012 7:00am PST
that could be great news for the u.s. chi. >>> and john mcafee arrested -- economy. >>> and john mcafee arrested. ll. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ >>> well, stocks are up slightly on wall street. they've been bouncing back and forth a bit this morning, following news that europe will hold off on economical stimulus measures and unemployment benefit applications dropped last week with is consistent with moderate hiring and showing the impact of supersandy is over. the dow is currently up 5. nasdaq is up 10 and the s&p up 1. one stock to watch today is apple. checking right now, apple stock is up nearly 1% right now. it lost 6.4% of its value -- of its value yesterday. on another note, tim cook says apple will produce one of its existing lines next year. earlier this week, i fix it said it's
Search Results 0 to 22 of about 23